May 4, 2021
The National Government’s (NG) total debt rose to P10,773.83 billion as of end-March 2021, the Bureau of Treasury recently reported.
For the month, P368.00 billion, representing 3.5% increase from February 2021, was added to the total portfolio due to net issuance of government securities. Of the total debt stock, 28% were sourced externally while 72% are domestic borrowings.
NG domestic debt amounted to P7,744.61 billion, which us P381.54 billion or 5.2% higher compared to the end-February 2021 level primarily due to the net issuance of government securities including P411.79 billion in Retail Treasury Bonds (RTBs). From the end-December 2020 level, outstanding domestic debt has increased by P1,049.92 billion or 15.7%.